Key Impact Points: At the upcoming COP29 climate summit, Small Island Developing States (SIDS) will advocate for crucial debt relief and climate investment. The SIDS4 meeting in Antigua and Barbuda underscores the need for a coordinated approach to financial resilience and sustainable growth. Debt Relief and Climate Investment Strategic Vision
Key Impact Points: Antigua and Barbuda’s Prime Minister Gaston Browne delivered a compelling address at the SIDS Global Business Network Forum 2024, advocating for innovative public-private partnerships to drive sustainable economic growth in Small Island Developing States (SIDS). Browne highlighted the untapped potential of sports tourism and the orange economy,
Building small islands’ resilience to external threats and charting new pathways to sustainable prosperity front and centre at UN Conference The fourth International Conference on Small Island Developing States (SIDS4) opened today in Antigua and Barbuda to deliver a bold new and transformative plan of action to help SIDS build resilience, tackle
Key Impact Points Access to safe drinking water and sanitation, reliable water supply for agriculture and industry, and protection against droughts and floods are crucial for development, according to a World Bank report released at the 10th World Water Forum in Bali, Indonesia. The report highlights a worsening crisis: in
Prices for key minerals used in clean energy technologies dropped in 2023, but new IEA analysis shows need for greater and more diversified investment to support efforts to reach energy and climate goals Pressure eased in 2023 on the market for minerals that go into electric vehicles, wind turbines, solar
Key Impact Points On Tuesday, the International Tribunal for the Law of the Sea (ITLOS) expanded the definition of marine pollution under the United Nations Convention on the Law of the Sea (UNCLOS) to include greenhouse gases. The decision, made by 21 judges, acknowledges that greenhouse emissions are harmful to
Key Impact Points IFC and the Italian Climate Fund have announced a $210 million investment in Eni S.p.A.’s Kenya subsidiary. This investment will expand advanced biofuel production, supporting decarbonization and benefiting up to 200,000 small-scale Kenyan oilseed farmers. IFC will contribute $135 million, while the Italian Climate Fund will add
Global banks and financial institutions have an annual $44 billion revenue opportunity through 2030 from an increasingly pressing requirement for financing and investment in the low-carbon transition, Bain & Company research reveals today in a new analysis. Bain’s study highlights a $600 billion “addressable opportunity” for banks and other global financial institutions to fill a gap
By Christopher Daniel, Varad Pande, Rami Rafih, Makoto Morihara, Charmian Caines, and Tina Zuzek-Arden Key Takeaways Governments have two key strategies—evolving existing economic clusters to remain competitive and capitalizing on emerging opportunities—to help economic clusters rapidly adapt to the green transition. From the tech innovators of Silicon Valley to the leatherworkers of Tuscany and the textile
Deloitte’s 2024 Gen Z and Millennial Survey, now in its 13th edition, highlights the significant environmental concerns of Gen Z, demonstrating their commitment to addressing climate change and environmental sustainability. The survey, encompassing over 22,800 respondents from 44 countries, underscores how these younger generations are actively pushing for substantial societal
